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Hundreds of millions of transactions a day at 25 cent in fees per tx lead to much higher total fees than 300,000 transactions at $30 fees per tx.
by CryptoPunk 6y ago
Hundreds of millions of transactions a day at 25 cent in fees per tx lead to much higher total fees than 300,000 transactions at $30 fees per tx.
- imtringued 6y agoHere is a proposal for terabyte blocks: https://blog.vermorel.com/journal/2017/12/17/terabyte-blocks-for-bitcoin-cash.html https://blog.vermorel.com/journal/2017/12/17/terabyte-blocks... It works out just fine and there will enough profit from sub cent transaction fees to have thousands of competing data centers. At that point you could even declare the system to be more cost effective than any other kind of financial infrastructure. Any complaints against Bitcoin's excessive energy consumption would be void, except this is not the future that Bitcoin HODLers want so it's incredibly difficult to see how their theories would become true in the future.